Each tract of land shall be leased to the highest bidder. Before the auction date the board of county commissioners shall fix by resolution a minimum rental rate for each tract of land. No bid may be accepted which is less than the minimum rental rate. Source: SL 1937, ch 86 , § 4; SDC 1939, § 12.2214; SL 2011, ch 41 , § 1.
Lease to highest bidder--Minimum rental
SDCL § 7-30-4 — under LEASE OF COUNTY REAL ESTATE HELD FOR PUBLIC PURPOSES.
SDCL § 7-30-4